Pakistan returns to global capital markets after four years with $500m Eurobond: Khurram

ISLAMABAD, Apr 17 (APP): Advisor to the Finance Minister Khurram Schehzad on Friday said Pakistan has successfully returned to the international capital markets after a four-year gap, raising $500 million through a Eurobond issuance under its Global Medium-Term Note (GMTN) Programme.

He said on his official X handle, “Pakistan successfully returns to global markets after 4 years- $500 mn Eurobond Raised,” noting that the country’s return came at attractive terms despite a challenging global environment.

He said the three-year Eurobond witnessed strong investor demand despite ongoing global market and geopolitical uncertainties – signaling renewed confidence in Pakistan’s economic outlook.

This well-timed issuance adds fresh liquidity to Pakistan’s sovereign yield curve, strengthening its presence in global bond markets and supporting the development of a more efficient pricing benchmark for future transactions, he added.

Highlighting key aspects of the development, he said the successful market re-entry after four years, strong investor demand in a challenging global environment, strengthened positioning in international capital markets, and supports development of a deeper and more liquid yield curve.

The advisor said the transaction reflects improving investor sentiment and marks an important step in Pakistan’s strategy to diversify funding sources and rebuild a sustainable market presence.

This milestone underscores the continued efforts of the Finance Division, particularly the Debt management team, in executing a disciplined and forward-looking debt strateg.

Looking ahead, Schehzad said Pakistan would continue to expand engagement with global markets, adding that requests for proposals for financial advisors for the GMTN and international Sukuk programmes would be launched soon, while progress on the Panda Bond programme was also progressing toward issuance.

He said the country’s improving macroeconomic indicators, ongoing structural reforms, and gradual strengthening of growth momentum were contributing to a more stable economic outlook.

with opening of the Straight of Hormuz and energy prices correcting, he said Pakistan’s timely return to global markets reflects improving fundamentals and renewed investor confidence with stable to positive economic outlook.

Schehzad described the development as a strong return that reinforces confidence, credibility, and provide a clear path forward.